Thursday, July 06, 2006

Virginia's Sales Tax Holiday

"A Sales Tax Holiday is a temporary period when certain purchases are exempt from the sales tax. In 2006, the General Assembly approved Virginia's first Sales Tax Holiday, to take place each year on the first full weekend in August.

In 2006, the Sales Tax Holiday will begin at 12:01 a.m. on Friday, August 4, 2006 and end at midnight on Sunday, August 6, 2006.

During Virginia's Sales Tax Holiday, purchases of school supplies selling for $20 or less per item, and articles of clothing, including footwear, selling for $100 or less per item, will be exempt from sales tax. All retailers selling these items MUST participate in the Sales Tax Holiday. Sales tax exemptions do not apply to items selling for more than the amounts listed."